Operations Collateral Management Analyst

We have an exciting opportunity for an experienced Analyst to work within our Collateral Management department. The candidate will be responsible for processing the Margin Exposure across all asset classes (OTC, Repo and SBL) by calling counterparts where MUFG is exposed and meeting counterparts calls on MUFG in line with MUFG valuations. This role will initially be specific cover for SecLending and Repo margin with the opportunity to cross train in the OTC margin space.

Overview of the Department/Section:

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with 1,100 offices in over 40 countries. The Group has over 140,000 employees, offering services including corporate banking, commercial banking, retail banking, wealth management, investment banking, capital markets, personal and corporate trust, and transaction banking.

The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms.

MUFG conducts securities business internationally through its overseas subsidiaries MUFG Securities EMEA plc, MUFG Securities Americas Inc., MUFG Securities Asia Limited. and MUFG Securities Asia (Singapore) Limited. With each member of the group working in partnership with one another, MUFG provides best in class service and products to corporate and institutional clients.

MUFG Securities EMEA plc is the European hub of MUFG’s securities business. Headquartered in London we have just over 600 employees and are active throughout the international capital markets, focusing on debt, equity, derivatives and structured products. Due to the diverse nature of our business we require a clear unifying vision for all of our people. It is this vision and our corporate values that reflect who we are and guide how we behave. We therefore strive to recruit individuals who share our vision and values, and who have the motivation and commitment to help us move our business forward.

The Operations division is core to all of MUFG business activities. Comprising of c.100 employees across London, New York and Hong Kong, the function consists of Middle Office, Settlements, Collateral Mgmt and Operational Control, covering a diverse product range including Equities, Fixed Income, Derivatives and Futures.

The division is responsible for processing and settling every trade booking and that cash flows and margins are managed, while ensuring wide ranging regulations are consistently met. Operations also play an instrumental role in business development and the introduction of new products and markets.

The Collateral Management area is responsible for the management of the division’s collateral across OTC, Fixed Income and Stock Borrow Lending efficiently and accurately.

Main purpose of the role:

We have an exciting opportunity for an experienced Analyst to work within our Collateral Management department. The candidate will be responsible for processing the Margin Exposure across all asset classes (OTC, Repo and SBL) by calling counterparts where MUFG is exposed and meeting counterparts calls on MUFG in line with MUFG valuations. This role will initially be specific cover for SecLending and Repo margin with the opportunity to cross train in the OTC margin space. 

  •  Ensure all margin bookings are correctly reflected in key systems (Algo, Murex, Apex) for agreed settlement
  •  Timely resolution of any resulting Nostro breaks.
  •  Ensure the CTD collateral is used in conjunction with TRY/RPG.
  •  EOD Dispute and MtM differences escalated to line manager.
  •  Carry out all duties in line with the Department’s procedures and ensuring these are updated accordingly to reflect  current processes in conjunction with your Line Manager.

Key responsibilities:

  • Processing daily margin on cash rebate and cash pool securities lending transactions.
  • Monitor closely the settlements of Securities Lending trades to project the collateral requirements and to also manage collateral substitutions when requested.
  • Regular communication with the Securities Lending desk.
  • Process the Rehypothication of assets on the Securities Lending margin book
  • Ensure that all bookings are accurate and settle as agreed
  • To raise changes to line management  to ensure that desk procedures are kept up to date and that improvements are made when necessary in an effort to improve efficiency
  • To liaise with traders, Legal, other support areas and counterparties, and strive to ensure maximum internal and external client satisfaction

Skills and experience:
Essential Experience:

  • At least 5 years financial markets experience predominantly based within top tier firms’ Fixed Income (including OTC), Clearing and Collateral environments. Will have spent at least >2 years in their last position working in Collateral Management, in particular REPO/SBL & OTC margin calls.
  • Good understanding of SBL (Securities, Borrowing & Lending) and Repo processes.
  • Understanding of life-cycle of trade processing for Equity and Fixed Income products including trade capture, settlement and reconciliations for Securities Lending transactions.
  • Use of third party platforms such as Pirum, Equilend etc for automated cash mark processing  
  • Strong understanding of the GMSLA/GMRA
  • Detailed experience of Sungard Apex, SWIFT, Intellimatch

Desirable experience:

  • Understanding of OTC margin/collateral processes  and collateral portfolio reconciliation using TriResolve.
  • Strong working knowledge of OTC Derivatives products, being able to understand and unravel complex trading
  • Strategies involving bespoke collateral management processes.
  • Exposure to Dodd-Frank and EMIR proposed portfolio reconciliation would also be beneficial.

Personal requirements:

  • Excellent communication skills
  • A pro-active, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Structured and logical approach to work
  • Creative and innovative approach to work Excellent interpersonal skills
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Strong numerical skills
London, England, United Kingdom London England GB